News for 'Prozone Malls'

Provogue mulls malls in towns

As Covid surge hits businesses, malls see rentals plunge

Consultants who help lease these properties say this is the steepest decline at least in a decade.

Mall developers may offer rent waiver during 2nd Covid-19 lockdown

While there was a sharp drop in footfalls in malls in H1FY21, there was reasonable recovery in H2. However, the second wave derailed the recovery.

Empty malls echo India's sorry retail story

Of the 300 operational malls in the country, just 5-7 per cent, or about 20 malls, are doing well, suggest analysts reports.

As slowdown bites, malls suffer high mortality rate

120 new malls came up in last two years, but 30-40 of their older peers downed shutters

Provogue to develop 3 mn sq ft retail space